MLX metals x limited
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We have obviously tried to buy Greentech with to date no...

  1. binwood
    9,186 Posts.
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    19/05/25
    11:04
    Post #: 79097533
    We have obviously tried to buy Greentech with to date no success.

    So counterpoint - outside Renison and Bisie (location aside) what do you consider a 'quality' asset in the tin space?

    I would contend that there aren't many if any.

    So your options are buyback $5m of shares at current price. Gives you incremental EPS of 1%

    Or you take strategic positions in juniors that have 'feasible' projects.

    As @Autosime said we have seen gold stocks do 5x expansions with a price move.

    ELT has about an A$350m NPV at spot. But a move just to $40k/t tin makes that $700m. At $50k/t tin it is $1.1bn.

    A 20% investment in a $25m junior with those metrics gives us a better call option on tin price increase than a 1% EPS lift from a buyback.




    MLX Price at posting: 52.8¢ Sentiment: Buy Disclosure: Held
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56.0¢ 		Change
0.010(1.82%) 		Mkt cap ! $496.3M
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